Combination matters: why corporate bonds and shadow banking can threaten financial stability – a Minskyian perspective

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Combination matters : why corporate bonds and shadow banking can threaten financial stability – a Minskyian perspective. / Schneider, Henri.

In: International Journal of Pluralism and Economics Education, Vol. 13, No. 1, 08.2022, p. 103-119.

Research output: Journal contributionsJournal articlesResearchpeer-review

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@article{5e55b7a0771b4271a29fed6e8eb2090d,
title = "Combination matters: why corporate bonds and shadow banking can threaten financial stability – a Minskyian perspective",
abstract = "This article investigates the systemic risk of the corporate bond market connected with the rise of shadow banking since 2008 in the light of Hyman Minsky{\textquoteright}s financial instability hypothesis, which considers advanced capitalist economies as inherently unstable and prone to booms and busts. Does today{\textquoteright}s market for corporate bonds threaten financial stability, especially the shift from commercial banking towards less regulated shadow banking? My goal is to show that this shift in connection with worrisome developments in the corporate bond sector could lead to rising instability in the financial markets. Subsequently, four policy proposals for financial regulation will be evaluated.",
keywords = "corporate debt, FIH, financial crisis, financial instability hypothesis, financial stability, financialisation, Minsky, Economics",
author = "Henri Schneider",
note = "Publisher Copyright: Copyright {\textcopyright} 2022 Inderscience Enterprises Ltd.",
year = "2022",
month = aug,
doi = "10.1504/IJPEE.2022.124576",
language = "English",
volume = "13",
pages = "103--119",
journal = "International Journal of Pluralism and Economics Education",
issn = "1757-5648",
publisher = "Inderscience Enterprises Ltd",
number = "1",

}

RIS

TY - JOUR

T1 - Combination matters

T2 - why corporate bonds and shadow banking can threaten financial stability – a Minskyian perspective

AU - Schneider, Henri

N1 - Publisher Copyright: Copyright © 2022 Inderscience Enterprises Ltd.

PY - 2022/8

Y1 - 2022/8

N2 - This article investigates the systemic risk of the corporate bond market connected with the rise of shadow banking since 2008 in the light of Hyman Minsky’s financial instability hypothesis, which considers advanced capitalist economies as inherently unstable and prone to booms and busts. Does today’s market for corporate bonds threaten financial stability, especially the shift from commercial banking towards less regulated shadow banking? My goal is to show that this shift in connection with worrisome developments in the corporate bond sector could lead to rising instability in the financial markets. Subsequently, four policy proposals for financial regulation will be evaluated.

AB - This article investigates the systemic risk of the corporate bond market connected with the rise of shadow banking since 2008 in the light of Hyman Minsky’s financial instability hypothesis, which considers advanced capitalist economies as inherently unstable and prone to booms and busts. Does today’s market for corporate bonds threaten financial stability, especially the shift from commercial banking towards less regulated shadow banking? My goal is to show that this shift in connection with worrisome developments in the corporate bond sector could lead to rising instability in the financial markets. Subsequently, four policy proposals for financial regulation will be evaluated.

KW - corporate debt

KW - FIH

KW - financial crisis

KW - financial instability hypothesis

KW - financial stability

KW - financialisation

KW - Minsky

KW - Economics

UR - http://www.scopus.com/inward/record.url?scp=85135748064&partnerID=8YFLogxK

U2 - 10.1504/IJPEE.2022.124576

DO - 10.1504/IJPEE.2022.124576

M3 - Journal articles

AN - SCOPUS:85135748064

VL - 13

SP - 103

EP - 119

JO - International Journal of Pluralism and Economics Education

JF - International Journal of Pluralism and Economics Education

SN - 1757-5648

IS - 1

ER -